KKR to buy Gardner Denver
Gardner Denver agreed to a buyout by private equity firm KKR & Co LP for $3.74 billion.
The announced sale of the industrial pump maker is being questioned by some investors, who say the company was worth much more.
Glancy Binkow & Goldberg LLP announced that it is investigating potential claims against the Gardner Denver board of directors related to the proposed acquisition of the company by Kohlberg Kravis Roberts & Co. for $76.00 per share.
Gardner Denver shares closed at $74.74 on the New York Stock Exchange on Friday, well short of KKR's $76 per share bid, indicating investor skepticism over the deal, according to a story published by Reuters. Click for story.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
